Qatar’s Industrial Production Index up 3.9% in Dec 2023
Doha, Qatar -- Qatar's Industrial Production index (IPI) in December 2023 reached 95.3 points, an increase of 3.9 percent compared...
Business
Construction in China-Saudi Arabia ethylene project begins
FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...
Business
Economy
UAE approves 22 policies to speed up circular economy model
The UAE has approved 22 policies that focus on accelerating the implementation of the circular economy model in the UAE in...
- These policies will focus on accelerating the implementation of circular economy model in he UAE in manufacturing, food, infrastructure, and transport.
- A meeting of the Circular Economy Council also identified at least 16 circular economy activities that can create opportunities for businesses.
Economy
Jordan’s exports to Canada went up by 22 percent since 1997
During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent, from US$885,000...
- During the last 25 years Jordanian exports to Canada have increased at an annualized rate of 21.75 percent
- Jordan and Canada have signed free trade, labor, double taxation, environment and investment agreements
Business
Tesla Model 3 joins Dubai corporation’s taxi fleet on trial basis
Tesla Model 3 has joined Dubai Taxi Corporation's fleet on trial basis, following the success of operating 172 Tesla vehicles...
- This follows the success of operating operating 172 Tesla vehicles in the limousine service since 2017.
- The trial operation aims to verify the efficiency of the vehicle when deployed in the taxi fleet in the emirate, Dubai’s Roads and Transport Authority (RTA) said.
Business
France looks to invest in Saudi energy, technology sectors
France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French...
- The French government and the private sector are working to expand the number of companies operating in the Kingdom, which currently stands at about 135
- The kingdom, according to the diplomat, is an attractive region with a suitable environment for investments in all its vital sectors.
Business
Qatar First Bank buys Gateway Plaza
The move aims to deepen Doha-based bank's presence in US real estate market.
- The purchase is the bank's fourteenth investment under its new Shari'a compliant real estate investment strategy
- The property houses the headquarters of prominent firms, with long lease terms and rental escalations
Analysis
Apex banks must act as severe stagflation hits markets
Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and contributing to the stagnation of...
- Surging food prices are a significant contributor to high headline inflation in many countries, including most major advanced economies
- Persistently high food inflation will continue to erode households spending power, reducing discretionary spending, and hurt global GDP
Arts & Culture
Jeddah Season 2022 concludes, 6m visitors attend events
Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13...
- Jeddah Season this year lasted for 60 days and it was full of exciting shows
- The shows, programs and activities took place across 13 locations in Jeddah
Geostrategy
UAE sends three planes for relief of quake victims in Afghanistan
The UAE has sent three planes carrying a 1,000 sqm field hospital, which includes 75 beds and two operating rooms...
- The UAE has sent three planes carrying a 1,000 sqm field hospital for the quake victims in Afghanistan
- The relief package include 75 beds and two operating rooms equipped with the latest medical supplies and devices
Business
‘Technology has to fix fake news problem’
Faisal Abbas, editor of Arab News, believes that it is almost impossible that journalists alone can fix the problem of...
- He believes that fake news has always existed since time immemorial, and that social media quickened its spread around the globe
- He feels that while technology can deduce manipulation and flag it, media around the world ought to combat fake news too
Economy
UAE-Indonesia CEPA to launch new era of strategic cooperation: Emirati ministers
The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started,...
- The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started, following the ones signed with India and Israel in February and May, respectively
- The agreement aims to enhance the bilateral trade between the two countries and raise its total value from around US$3 billion in 2021 to US$10 billion annually within five years
Qatar’s Industrial Production Index up 3.9% in Dec 2023
Doha, Qatar -- Qatar's Industrial Production index (IPI) in December 2023 reached 95.3 points, an increase of 3.9 percent compared...
Business
Company News
Latest News
Dubai races ahead to be global epicenter for crypto
While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital...
Business
Saudi communications ministry inks MoU with Huawei
Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a...
Business
Dubai International Chamber launches three new offices in Cairo, Tel Aviv, Istanbul
The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13.
Economy
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Infographics
Abu Dhabi, Dubai gain as realty prices rise in UAE
The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since...
- The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since 2011, says a latest report
- In November, the off-plan market witnessed the highest value of transactions in a decade by recording AED 12.7 billion for the first time
Business
DEWA approves special $552m dividend
The record date for the dividend is 22 Dec. 2022.
- DEWA, which is listed on the Dubai Financial Market, held its second general assembly for 2022 under the chairmanship of Matar Humaid Al Tayer, Chairman of the Board of Directors.
- “This dividend yield is more attractive than most companies listed on the ADX, DFM, and Tadawul, as well as other global utility companies,” said Al Tayer.
Business
TotalEnergies to start drilling in offshore Lebanese gas project in 2023
Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration...
- TotalEnergies owns 60 percent of Block 9 and its partner in the project, Eni, the remaining 40 percent.
- Block 9 is within the territorial waters of Lebanon, which reached a maritime agreement with Israel.